02 Jan 2025

Evergreen Marine's year-end bonus is here, generously giving out 20 months' worth!

 

Evergreen Marine's year-end bonus is here, generously giving out 20 months' worth!

 

According to Taiwan media reported on the 31st, the Red Sea crisis assists global shipping rates, Taiwan Evergreen Shipping today's year-end bonus earlier into the account, it is understood that the issue of about 20 months of year-end bonus.

 

In recent years, the maritime industry has ushered in an unprecedented period of prosperity, known as "the most prosperous five years in history". If the year-end bonus is used as an indicator to measure the degree of prosperity of the industry, Evergreen Marine undoubtedly stands at the top of this wave. Back in the past, Evergreen Shipping has been generous to pay up to 40 to 50 months of year-end bonuses, such a bold move at that time caused widespread concern in the industry. According to statistics, in the past four years, the total amount of year-end bonuses issued by Evergreen Shipping has been close to 100 months of salary, plus the bonus of 20 months this year, the year-end bonus accumulated by employees in five years is equivalent to 180 months of monthly salary, which is undoubtedly amazing.

 

The boom in shipping is no accident. The complex geopolitical situation in the Middle East and a number of major port strikes around the world have combined to have a severe impact on the global supply chain, resulting in a surge in demand in the maritime market and a consequent increase in freight rates. Evergreen Shipping has successfully seized this historic opportunity with its strong shipping network and efficient service quality.

 

From the perspective of financial data, Evergreen Shipping's operating performance is equally impressive. In the first three quarters of this year, the company's consolidated revenue reached NT $347.756 billion, an increase of 67.98%. Net profit after tax was 108.754 billion yuan, up a staggering 239.4% year-on-year. The total profit margin of the company reached 39%, and the profit per share was 50.68 yuan, which undoubtedly provided a solid material foundation for the generous payment of year-end bonuses.

 

Since the outbreak of COVID-19, the maritime industry has enjoyed an unprecedented wave of market gains. Take Evergreen Shipping as an example, in 2020 after the epidemic, the year-end bonus of employees is about 10 months 'salary; By 2021, this number has soared to 40 months, which is the first time that the outside world intuitively feels the "real money" of the maritime industry to make money. In 2022, Evergreen Shipping's year-end bonus will continue to rise to 45 months 'salary level; Although it has fallen back in 2023, it still remains at a high level of 4 to 5 months. In contrast, this year's 20-month year-end bonus is less than the peak of previous years, but considering the overall economic environment and industry trends, this figure is still in line with expectations, and is undoubtedly a windfall for employees.

 

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